January 10, 2023 @ 8:46 pm By JD Alois  |  

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has chosen company director Martin Kay as Chief Executive Officer, effective January 3, 2023. At the same time, Netcapital announced that Dr. Cecilia Lenk, CEO of the Company since 2017, will assume the position of CEO of Netcapital Advisors Inc.,… Read More

January 10, 2023 @ 5:57 pm By JD Alois  |  

Cameron Winklevoss, co-founder of the Gemini, has taken to Twitter once again to take Digital Currency Group (DCG) to task in regards to their relationship with DCG subsidiary Genesis. Last week, Winklevoss posted a letter on Twitter criticizing founder Barry Silbert and his DCG, hammering… Read More

January 10, 2023 @ 3:40 pm By JD Alois  |  

CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, has announced its fifth Green Liberty offering. The securities are issued under Reg CF and are available to all investors for as little as $100. CGB Green Liberty NOtes has partnered with Raise… Read More

January 10, 2023 @ 3:28 pm By JD Alois  |  

Digital asset bank Anchorage Digital has posted its perspective on Ethereum – post Merge. Anchorage as a service provides Ethereum staking following the transition from Proof of Work to Proof of Stake. While touting its own services, Anchorage notes that Ethereum has gone deflationary for… Read More

January 10, 2023 @ 12:02 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has selected Cristina Martin Firvida as its new Director of the Office of the Investor Advocate. Martin Firvida will take over the office effective Jan. 17, 2023. Martin Firvida was most recently the Vice President of Financial Security and… Read More

January 10, 2023 @ 11:01 am By JD Alois  |  

BlockFi, once a top crypto lending platform and now in the midst of Chapter 11 bankruptcy proceedings, has posted a document that outlines its dramatic fall from grace. Once a leading digital asset unicorn, crypto contagion destroyed the platform, which is now looking to maximize… Read More

January 10, 2023 @ 9:53 am By JD Alois  |  

Lemonway, a top European Fintech, is reporting solid results for 2022, with volumes jumping by 39% during the year. Lemonway is a pan-European payments provider targeting marketplaces, including alternative finance platforms looking for payment processing, wallet management, and third-party payments, along with anti-money laundering (AML)… Read More

January 10, 2023 @ 9:30 am By JD Alois  |  

As part of its most recent Global Economic Prospects report, the World Bank is predicting a sharp and difficult downturn for developing countries which may result in a global recession. The World Bank notes this could be the first time that two global recessions have… Read More

January 10, 2023 @ 8:06 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US and the only one that is publicly traded, will slash its employee headcount by approximately 950 individuals as part of a move to adjust to the challenging economic environment. Coinbase said it will also cut operating… Read More

January 9, 2023 @ 10:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against Avraham Eisenberg, alleging a fraudulent scam to obtain over $110 million in digital assets from a decentralized digital asset exchange. The enforcement action has been filed in the U.S. District Court for the… Read More

January 9, 2023 @ 4:34 pm By JD Alois  |  

The Autorité des Marchés Financiers (AMF) in France has published its priorities for 2023. AMF Chair Marie-Anne Barbat-Layani included working to enhance retail investor protection, pursuing sustainable finance as well as financial innovation during the next 12 months. “The AMF is the regulator of Europe’s… Read More

January 9, 2023 @ 2:53 pm By JD Alois  |  

Philip Moustakis, has been made a Partner at the global law firm of Seward & Kissel. Moustakis was previously counsel practicing in the firm’s Government Enforcement & Internal Investigations Group and Blockchain & Cryptocurrency Group. He joined the firm in 2019 and is a regular… Read More

January 9, 2023 @ 11:02 am By JD Alois  |  

As was previously reported, the bankruptcy proceedings of FTX and its affiliated entities have included a decision to sell certain entities or subsidiaries that have remained solvent during and after the collapse of FTX. A prime example is LedgerX, a firm that was acquired by… Read More

January 9, 2023 @ 10:34 am By JD Alois  |  

C14, a “next-generation” payments and transfers service for digital assets, has raised $2.5 million in a funding round led by General Catalyst. According to an email from a representative, the funding will enable the company to continue to build out new payment rails as well… Read More

January 9, 2023 @ 8:59 am By JD Alois  |  

Property in London continues to be a hot asset class. In fact, according to a recent report, prime central London property sales have increased by 48% in the past three years. The information was provided by the property investment platform CapitalRise as well as Savills…. Read More

January 9, 2023 @ 8:41 am By JD Alois  |  

Matrixport has enlisted the assistance of Chainalysis to provide compliance, fraud monitoring, risk assessment, and more. Matrixport is a Singapore based digital asset platform that is a prime brokerage, spot trading, lending, asset management and more. Christopher Liu, Chief Compliance Officer at Matrixport, said that… Read More

January 6, 2023 @ 5:00 pm By JD Alois  |  

You may quibble about totals, but the value lost in digital assets during 2022 was pretty enormous. If you exited at the end of 2021 – congratulations. If you remained invested or HODLed. Sorry. On top of that, multiple centralized crypto platforms imploded, and the… Read More

January 6, 2023 @ 1:13 pm By JD Alois  |  

A survey addressing private capital markets – think investment crowdfunding, venture capital, and private equity – was completed this past month. And respondents have overwhelmingly indicated they are interested in private markets – in fact, more so than publicly traded firms, according to the results…. Read More

January 6, 2023 @ 9:55 am By JD Alois  |  

The drums are pounding for institutional crypto trading firm Genesis and its parent company Digital Currency Group (DGC). Genesis halted redemptions in November following “abnormal withdrawal requests which have exceeded our current liquidity.” This event has impacted the crypto trading platform Gemini as it utilized… Read More

January 6, 2023 @ 9:27 am By JD Alois  |  

Rating service Moody’s has downgraded Silvergate Capital (NYSE:SI) following the revelation that deposits rapidly declined during Q4 of 2022, and the bank had to shore up its balance sheet. Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank, following the downgrade… Read More